Lockheed Martin 2nd Quarter 2014 Financial Results Conference Call

● Pension Trends* FAS/CAS Income Project Lower Net FAS Expense in Future Expect FAS/CAS Income in 2015 at ~2x the 2014 Level... Out Year FAS/CAS Income Significantly Above 2015 Level ● Pension Funding / Recovery Operating Cash Flow Benefit From Prefund (~$10B) Maintained 2015 & 2016 Recoveries Expected to be Sequentially Higher Than 2014 ☆ * All Subject to Assumptions Which Can Materially Change Chart 11 July 22, 2014

View entire presentation